ProShares Short Real Estate (NYSEARCA:REK) Short Interest Down 36.7% in January

ProShares Short Real Estate (NYSEARCA:REK) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 4,098 shares, a drop of 36.7% from the December 31st total of 6,478 shares. Based on an average daily trading volume, of 15,575 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 15,575 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Short Real Estate stock. Susquehanna International Group LLP purchased a new stake in ProShares Short Real Estate (NYSEARCA:REK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,963 shares of the company’s stock, valued at approximately $264,000. Susquehanna International Group LLP owned 2.42% of ProShares Short Real Estate at the end of the most recent reporting period.

ProShares Short Real Estate Stock Down 1.2%

ProShares Short Real Estate stock opened at $16.86 on Friday. The business has a 50 day moving average price of $17.11 and a two-hundred day moving average price of $16.94. ProShares Short Real Estate has a 12 month low of $16.35 and a 12 month high of $19.61.

About ProShares Short Real Estate

ProShares Short Real Estate (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market. Component companies include those that invest directly or indirectly through development, management or ownership of shopping malls, apartment buildings and housing developments; and real estate investment trusts (REITs) that invest in apartments, office and retail properties.